ROYAL BANK OF CANADA

Royal Bank of Canada announced the issuance of $2.3 billion in Senior Global Medium-Term Notes. This includes $1 billion of 4.652% Senior Fixed Rate/Floating Rate Notes due July 10, 2029, $300 million of Senior Floating Rate Notes due July 10, 2029, and $1 billion of 4.950% Senior Fixed Rate/Floating Rate Notes due August 5, 2032. The notes were issued under the bank's shelf registration statement on Form F-3.

Royal Bank of Canada announced its intention to repurchase up to 45 million of its common shares, representing approximately 3.24% of outstanding shares as of May 15, 2026. The normal course issuer bid is subject to approval from the TSX and OSFI and is expected to commence on June 12, 2026, continuing until June 11, 2027. This action aims to manage the Bank's capital position and generate shareholder value, supported by strong capital ratios.

The Royal Bank of Canada has published its updated Code of Conduct, effective March 3, 2026. The Code outlines the bank's core values of Client First, Integrity, Collaboration, Respect, and Excellence, guiding employee behavior and decision-making. It emphasizes building trust, protecting the company's reputation, safeguarding assets, and fostering a respectful and ethical workplace environment. The document also details policies on reporting misconduct without fear of retaliation and managing conflicts of interest.

Royal Bank of Canada reported strong second quarter 2026 results with net income of $5.5 billion, a 25% increase year-over-year, and diluted EPS of $3.85, up 27%. The bank also announced a 7% increase in its quarterly dividend to $1.76 per share and an intention to repurchase up to 45 million common shares. While net income saw a 5% decrease quarter-over-quarter, the company highlighted solid growth across diversified businesses and balance sheet strength, with significant contributions from Capital Markets, Personal Banking, and Commercial Banking.

Royal Bank of Canada announced that Fitch Ratings upgraded its legacy senior long-term debt rating to AA+ from AA on May 12, 2026. Fitch also affirmed the bank's short-term debt rating as F1+ and confirmed its long-term issuer default rating for senior long-term debt remains at AA-. This update reflects a positive assessment of the bank's credit profile.

Royal Bank of Canada (RY) announced the issuance of $2.25 billion in Senior Global Medium-Term Notes, Series J. The offering includes $750 million in 3.995% Senior Fixed Rate/Floating Rate Notes due 2028, $500 million in Senior Floating Rate Notes due 2028, and $1 billion in 4.305% Senior Fixed Rate/Floating Rate Notes due 2031, potentially impacting the bank's capital structure and funding costs.

Royal Bank of Canada (RY) reported a 25% increase in net income to $20.4 billion for the year ended October 31, 2025. The bank also announced a 6% increase in its quarterly dividend to $1.64 per share, reflecting strong financial performance and confidence in future growth.

Royal Bank of Canada (RBC) has advised its shareholders to reject an unsolicited mini-tender offer from TRC Capital Investment Corporation to purchase up to 500,000 RBC common shares (approximately 0.036% of outstanding shares) at CAD $224.00 per share. RBC emphasizes that the offer price is approximately 4.5% lower than the market price and that it is not affiliated with TRC Capital Investment, further cautioning investors about the risks associated with mini-tender offers.

Royal Bank of Canada (RY) has issued 6.500% Limited Recourse Capital Notes, Series 8, due May 24, 2086, and Non-Cumulative 5-Year Fixed Rate Reset First Preferred Shares, Series CA. These notes and preferred shares are classified as Non-Viability Contingent Capital (NVCC), indicating they are designed to absorb losses if the bank's viability is threatened, which is a regulatory requirement for Canadian banks.

The French Supreme Court upheld the conviction of Royal Bank of Canada Trust Company (Bahamas) Limited (RBCTC Bahamas) regarding a charge of complicity in estate tax fraud. This finalizes the conviction and makes it enforceable against RBCTC Bahamas, including joint and several liability for unpaid inheritance taxes, penalties, and interest.